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Airbnb ( ABNB ), Pinterest ( PINS ) fall after results

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Indexes set for sharp weekly gains

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China ADRs slip after stimulus measures

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Futures: Dow up 0.07%, S&P 500 flat, Nasdaq down 0.18%

(Updated at 8:15 a.m. ET/ 1315 GMT)

By Lisa Pauline Mattackal and Ankika Biswas

Nov 8 (Reuters) -

Wall Street was set for a muted open on Friday, as a rally

powered by a sweeping Trump win and an expected interest-rate

cut paused after lifting the S&P 500 futures above the 6,000

mark for the first time.

Futures tracking the benchmark index surpassed the

psychologically important milestone on Thursday on expectations

of an easier regulatory regime under President-elect Donald

Trump, with lower borrowing costs boosting the sentiment.

The Fed cut the benchmark rate by 25 basis points as Chair

Jerome Powell said the election outcome would not have a

"near-term" impact on monetary policy.

However, Trump's fiscally expansive spending plans and

proposed tariff hikes could push up inflation, complicating the

Fed's policy path.

The central bank would begin estimating the impact on its

twin goals of stable inflation and maximum employment when the

new administration's proposals take shape, Powell said.

Traders have already trimmed expectations for rate cuts next

year, and bond yields have jumped to multi-month highs.

Still, the immediate impact on Wall Street has been fairly

muted as all three major indexes closed around record highs on

Thursday.

The Dow and S&P 500 are set for their best

week in nearly a year, while the Nasdaq is on track for

its best in two months.

"The move this week in stocks was extreme, and speaks

volumes about just how much the market loves having certainty,

which we have, now that the presidential election outcome is

known," said Clark Geranen, chief market strategist, CalBay

Investments.

"The S&P 500 closing in on the 6,000 mark could invite even

more investor interest in stocks, since there is still plenty of

money sitting on the sidelines in money market funds and in

bonds."

Dow E-minis were up 31 points, or 0.07%, S&P 500

E-minis were down 0.5 points, or 0.01%, and Nasdaq 100

E-minis were down 39 points, or 0.18%.

Shares of chipmaker Nvidia ( NVDA ) edged up 0.3% in

premarket trading, after the AI pioneer became the first in

history to surpass a $3.6 trillion in market value on Thursday.

Airbnb ( ABNB ) dropped 5.7% after missing third-quarter

profit estimates, while Pinterest ( PINS ) slumped 13.2% after a

disappointing revenue forecast.

U.S.-listings of Chinese companies lost ground as the

government's latest fiscal support measures failed to impress

investors. JD.com and Alibaba fell around 4%

each.

Cloud networking provider Arista Networks ( ANET ) dropped

5% after forecasting 2025 revenue below estimates.

Investors were also keeping an eye on a likely "Red Sweep"

as Republicans were set to keep their narrow lead in the House

of Representatives after winning control of the Senate. That

would make it easier for Trump to enact his legislative plans.

The University of Michigan's preliminary November consumer

sentiment survey data is due later in the day, while Fed Board

Governor Michelle Bowman is expected to speak.